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1.01 Key terms
Nature of ethics
| Term | Definition |
|---|---|
| Accountability | The condition of having to answer for or be liable for your actions ;accepting responsibility for your decisions |
| Consequences | The result of an action |
| Ethical principles | Standards that govern behavior; not dependent on circumstances |
| Ethical situation | An issue in which you must decide whether something is right or wrong |
| Ethics | The basic behavior that governs your behavior |
| Fairness | The ability to make judgements without favoritism or self-interest; engaging in fair competition and creating equal relationships |
| Honesty | Truthfulness |
| Integrity | Adhering to an established set of personal ethics and sound moral principles; acting with honesty in all situations |
| Reputation | A person's or business's good name |
| Respect | Regard or esteem; honoring the rights, freedoms, views, and property of others |
| Responsibly | Fulfilling one's obligations in a dependable; reliable manner |
| Rule of law | Complying with laws and regulations |
| spin | A dishonest way of presenting a person or situation |
| Transparency | The quality of being just as one seems; being open and truthful when communicating |
| Trustworthy | Reliable; deserving of the confidence of others |
| Viability | The long-term value of your choices |